Altagas Given New C$55.00 Price Target at RBC Capital (ALA)
RBC Capital boosted their price objective on shares of Altagas (TSE:ALA) from C$53.00 to C$55.00 in a research note issued on Friday. RBC Capital’s target price would indicate a potential upside of 6.67% from the stock’s previous close.
Shares of Altagas (TSE:ALA) opened at 51.62 on Friday. Altagas has a one year low of $34.80 and a one year high of $53.06. The stock’s 50-day moving average is $49.8 and its 200-day moving average is $47.4. The company has a market cap of $6.381 billion and a P/E ratio of 37.91.
Altagas (TSE:ALA) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.22 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.22. Analysts expect that Altagas will post $1.53 EPS for the current fiscal year.
The company also recently declared a Monthly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Monday, September 15th will be given a dividend of $0.1475 per share. This represents a yield of 3.59%. The ex-dividend date of this dividend is Thursday, August 21st.
A number of other analysts have also recently weighed in on ALA. Analysts at CIBC raised their price target on shares of Altagas from C$52.00 to C$57.00 in a research note on Friday. Separately, analysts at NBF initiated coverage on shares of Altagas in a research note on Friday. They set an “outperform” rating and a C$55.00 price target on the stock. Finally, analysts at TD Securities raised their price target on shares of Altagas from C$55.00 to C$57.00 in a research note on Thursday. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of C$53.75.
AltaGas Ltd. Is a Canada-based diversified energy infrastructure business with a focus on natural gas, power and regulated utilities.
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